Amex Energy Select (XLE) volatility low at 34; oil at $71
Amex Energy Select (NYSE: XLE) : Amex Energy Select-XLE is recently down $1.21 to $52.30 in pre-open trading. Crude oil futures are recently down 1.04% to $71.29 according to Bloomberg. XLE June and July option implied volatility of 35 is below its six-month average of 44, according to Track Data, suggesting decreasing price movement. Paul Foster
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